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 Post subject: January 6th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon Jan 06, 2014 11:09 pm 
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Joined: Tue Dec 16, 2008 1:02 am
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Location: Canada
Price Action Trading (no technical indicators)
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##TheStrategyLab (located on the Freenode IRC network) is free along with being a serious professional trading chat room for traders using WRB Analysis (e.g. Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB profit targets, Key Market Events) by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the chat room to ask questions about WRB Analysis, post real-time price action trading analysis involving WRB Analysis merged with your own trade methods, post real-time trades or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies. In addition, we welcome all traders (beginners, experience, part-time, full-time) that are merging WRB Analysis with their trade methods or using WRB Analysis to help develop a better understanding of the price action (market context) they're trading.

##TheStrategyLab is primarily designed to only be a trade journal for documentation purposes so that members can have a real time stamp archive of their trades and their market commentaries of each trading day...giving them a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day in the past. Therefore, if you use our chat room...its highly recommended you post messages that reflect what you see in the price action on your monitors so that the chat room becomes your diary (journal) to correlate with trades on your broker statements.

Also, if you want ##TheStrategyLab chat room to be educational for you, ask questions instead of lurking (not participating in conversations). You can talk about anything related to price action analysis, trade execution, financial markets, economies or news impacting the markets in general.

The chat room is only for traders learning or applying concepts of WRB Analysis. In addition, traders that use ##TheStrategyLab are required to post at least one WRB Analysis price action commentary, one real-time trade or one general trading related commentary per day they log-in to the chat room. Yet, if the trader decides to post real-time trades (simulator or real-money)...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently log-in and not post any price action commentary involving WRB Analysis or post ambiguous trades will be KICKED (removed) from the chat room. Exceptions for those that are actively posting via private messages or posting at one of our support forums.

With that said, thanks for reading the trades, price action analysis or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful market context information that's critical to understanding price action trading. To log into ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or via the the instructions from the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

010614-Key-Price-Action-Markets.png [ 540.68 KiB | Viewed 107 times ]

click on the above image to view today's price action of key markets

Note: Trader conversations below may represent different chat rooms (e.g. ##TheStrategyLab, ##WRB_Analysis, ##VolatilityTradingTSL) that have been merged together at the end of the trading day.

Session Start: Mon Jan 06 08:57:02 2014
Session Ident: ##TheStrategyLab
[08:57:02] * Now talking in ##TheStrategyLab
[08:57:02] * Topic is 'Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading. | WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[08:57:02] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:57:02] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:18] <TigermanTrader> gm all
[09:29:34] <NDW> Gm - here's to a great 2014!
[09:38:28] <TigermanTrader> broker frozen after a great entry :(
[09:38:47] <TigermanTrader> I exited early to avoid problems
[09:39:15] <TigermanTrader> always happen when i enter a great entry :(
[09:39:45] <TigermanTrader> from now I ll plan to upgrade soon
[09:40:02] <TigermanTrader> fear system is to fuul to manage a lot of charts
[09:40:16] <TigermanTrader> or broker fault i do not know
[09:41:32] <TigermanTrader> it is very hard see price continue in my direction after system off :((((
[09:48:59] <wrbtrader> The regular session gap in the Emini futures didn't last too long
[09:51:01] <wrbtrader> Shorts Emini TF @ 1150.10 -> medium size
[09:52:10] <wrbtrader> Covered all Emini TF Short @ 1150.00 --> + 0.1
[09:53:51] <wrbtrader> Key Market Events @ 1000am and 1730pm est
[10:05:56] <wrbtrader> Short Emini ES futures @ 1824.25 large size 15 contracts
[10:11:53] <wrbtrader> Shorts Emini TF @ 1150.30 -> medium size
[10:12:13] <wrbtrader> 1+2+1 contracts
[10:12:33] <wrbtrader> Exit all Emini ES futures @ 1825.00 -0.75
[10:14:07] <wrbtrader> Covered all Emini TF Short @ 1151.50 --> - 1.2
[10:14:31] <wrbtrader> Huge spike down in Gold GC futures...wow
[10:14:46] <wrbtrader> Have not seen something like that in Gold for many many years
[10:14:59] <NDW> $30 - big spike down
[10:15:21] <wrbtrader> Short Emini ES futures @ 1825.00 large size 15 contracts
[10:17:21] <TigermanTrader> yeah really big spike
[10:19:27] <wrbtrader> Exit all Emini ES futures @ 1826.50 -1.50
[10:21:28] <wrbtrader> Long Emini TF @ 1153.70 -> large size
[10:21:37] <wrbtrader> 3+3 contracts
[10:25:33] <wrbtrader> Long Emini ES futures @ 1827.25 large size 25 contracts
[10:27:10] <wrbtrader> Exit all Emini ES futures @ 1826.25 -1.00
[10:28:32] <NDW> Gold is pulling back to pre spike levels
[10:29:17] <wrbtrader> That 1215.00 was a key level but I can't remember where
[10:29:37] <wrbtrader> That's what it spiked down to and the back up to current 1239
[10:30:22] <wrbtrader> Long Emini ES futures @ 1827.00 large size 25 contracts
[10:30:57] <wrbtrader> There's a lot of choppy volatility in the market the past 15 minutes...
[10:31:00] <wrbtrader> something is going on.
[10:33:37] <NDW> it is strange price action since the KME's
[10:40:04] <wrbtrader> Exit all Emini ES futures @ 1826.50 -0.50
[10:41:53] <wrbtrader> Exited all Emini TF Long @ 1151.60 --> - 2.1
[10:45:19] <wrbtrader> Short Emini ES futures @ 1825.25 large size 20 contracts
[10:47:01] <wrbtrader> Exit all Emini ES futures @ 1824.25 +1.00
[10:47:19] <wrbtrader> mess that one up...couldn't get an entry in Emini TF at the same time
[10:48:29] <wrbtrader> didn't exit at a WRB pt1
[10:48:48] <wrbtrader> meant...there was a WRB pt1 but I wasn't able to grab it
[10:49:08] <wrbtrader> @ 1824,00
[10:56:39] <TigermanTrader> sh es 1824.5
[10:56:39] <wrbtrader> Shorts Emini TF @ 1148.20 -> large size
[10:57:41] <wrbtrader> Short Emini ES futures @ 1823.00 large size 20 contracts
[10:58:59] <TigermanTrader> exit es 1822.75 +7 tk
[10:59:22] <TigermanTrader> my only clear trade of the day
[10:59:28] <wrbtrader> Covered all Emini TF Short @ 1148.10 --> + 0.1
[10:59:49] <TigermanTrader> others was difficult plus broker problem
[11:00:16] <wrbtrader> pick pocketed on the Emini TF trade
[11:00:22] <wrbtrader> trying to hold Emini ES trade
[11:00:48] <wrbtrader> Exit all Emini ES futures @ 1822.25 +0.75
[11:03:12] <wrbtrader> I'm still watching Gold GC futures out of the corner of my eye but its just calm (too calm) after that big spike down that's starting to look more like a fat finger error or big margin call
[11:08:40] <robbin_banks> hello all
[11:09:03] <wrbtrader> Welcome back...its been a long time
[11:09:28] <robbin_banks> yes sir it has..thank you
[11:10:07] <TigermanTrader> sh iwm 114.15
[11:11:28] <wrbtrader> Short Emini ES futures @ 1822.25 large size 20 contracts (16+4)
[11:12:42] <wrbtrader> Exit all Emini ES futures @ 1822.00 +0.25
[11:12:51] <wrbtrader> That chop is relenthless
[11:13:05] <wrbtrader> It has stole 3 good trades today
[11:14:12] <wrbtrader> Short Emini ES futures @ 1821.25 large size 20 contracts (16+4)
[11:14:32] <wrbtrader> that's 15+5 (not 16 with 4)
[11:14:38] <wrbtrader> re-entry
[11:14:57] <wrbtrader> geeesh :(
[11:16:08] <wrbtrader> Exit all Emini ES futures @ 1820.25 +1.00
[11:16:19] <wrbtrader> WRB pt1 reached
[11:17:47] <TigermanTrader> exit all IWM @ 113.90 +25 tk
[11:20:02] <t4npaper> im not with this today
[11:20:10] <t4npaper> mentaly sleeping still
[11:21:15] <wrbtrader> Short Emini ES futures @ 1818.75 large size 25 contracts
[11:21:28] <wrbtrader> re-entry
[11:26:30] <wrbtrader> Exit all Emini ES futures @ 1818.00 +0.75
[11:26:45] <wrbtrader> WRB pt1 (shallow) reached
[11:27:08] <wrbtrader> I almost dumped it at breakeven because of the contracting volatility that started to show up
[11:51:31] <wrbtrader> A lot of contracting volatility has shown up since 1130am est in the Emini Futures
[12:07:43] <t4npaper> sideways for some time now
[12:29:20] <TigermanTrader> take care all see next time
[12:30:30] <t4npaper> now it breaking lower
[13:04:51] <wrbtrader> hort Emini ES futures @ 1819.75 large size 10+10 contracts
[13:04:55] <wrbtrader> Short
[13:05:08] <wrbtrader> re-entry
[13:07:07] <t4npaper> gold retracing its interval
[13:09:18] <wrbtrader> :(
[13:09:57] <wrbtrader> WRB pt1 reached
[13:10:40] <wrbtrader> Exit all Emini ES futures @ 1819.00 +0.75
[13:12:26] <wrbtrader> Shorts Emini ES @ 1818.75 -> large size
[13:12:35] <wrbtrader> 10 contracts
[13:17:38] <wrbtrader> Shorts Emini ES @ 1819.50 -> Add
[13:17:50] <wrbtrader> 10 added
[13:25:50] <wrbtrader> Short Gold GC futures @ 1238.00 large large size 5 contracts
[13:29:23] <wrbtrader> Exit all Gold GC futures @ 1237.90 +0.10
[13:30:27] <wrbtrader> not going anywhere on that trade in the contracting volatility that showed up
[13:38:48] <wrbtrader> Short Emini TF futures @ 1144.40 large large size 6 contracts
[13:39:45] <wrbtrader> Exit all Emini TF futures @ 1144.60 -0.20
[13:40:00] <wrbtrader> Covered 1/2 Emini ES Short @ 1820.50 --> - 1
[13:40:13] <wrbtrader> Covered Remainder Emini ES Short @ 1820.50 --> - 1.75
[13:40:56] <wrbtrader> Long Emini ES @ 1821.00 -> large size
[13:41:18] <wrbtrader> 20 contracts
[13:52:28] <wrbtrader> wow
[13:52:43] <NDW> that was quick
[13:53:17] <wrbtrader> spike out of no where just like Gold GC futures did earlier today
[13:53:31] <robbin_banks> great call mr perry..very nice
[13:53:33] <wrbtrader> strange volatility spikes today in different markets
[13:53:53] <wrbtrader> Exited all Emini ES Long @ 1823.50 --> + 2.5
[13:54:28] <wrbtrader> still a heck of a tough trading day
[13:54:39] <wrbtrader> still in the red because of Emini TF trades
[13:54:41] <NDW> yes, it has been a rough day for you
[13:54:53] <robbin_banks> yes sir it has..
[14:16:39] <robbin_banks> short emini es @1823.7510 contracts
[14:17:45] <robbin_banks> exit all es @1823.00
[14:34:27] <robbin_banks> short G/Y {FX} @171.04 1 lot
[14:46:10] <wrbtrader> Long Emini TF @ 1147.20 -> large size
[14:46:31] <wrbtrader> 4+2 contracts
[14:57:55] <wrbtrader> geeesh
[14:58:15] <wrbtrader> very thin price action on that big snap back
[15:01:40] <wrbtrader> Exited all Emini TF Long @ 1146.00 --> - 1.2
[15:03:03] <wrbtrader> Shorts Emini TF @ 1145.80 -> large size
[15:03:28] <wrbtrader> 10 contracts
[15:05:47] <t4npaper> test
[15:06:48] <wrbtrader> tough tough tough price action today
[15:07:47] <robbin_banks> agreed...my FX trade is off 15MTF...may take awhile
[15:12:10] <wrbtrader> WRB pt1 reached
[15:12:26] <robbin_banks> short emini ES@1823.50 10 contracts
[15:12:28] <wrbtrader> Yet, they've been tough to grab when reached
[15:13:35] <wrbtrader> Covered all Emini TF Short @ 1145.70 --> + 0.1
[15:19:31] <t4npaper> short TF 1146
[15:25:34] <NDW> adios all, made my scalp goal for the day and have to run some errands before the close. hope the close is a mover for you
[15:27:43] <t4npaper> small pt reached
[15:28:07] <t4npaper> woops
[15:33:30] <wrbtrader> Shorts Emini TF @ 1145.40 -> large size
[15:33:42] <wrbtrader> 4+2 contracts
[15:33:56] <wrbtrader> another snap back
[15:34:05] <t4npaper> exit TF 1144.7 +1.3
[15:35:45] <wrbtrader> Emini ES futures not even noticing what's going on with the other Emini futures :(
[15:36:21] <wrbtrader> sorry...meant it finally is noticing
[15:37:23] <robbin_banks> exit all emini es @1823.00...have to run...have a good day all!!!
[15:45:26] <wrbtrader> Covered all Emini TF Short @ 1144.90 --> + 0.5
[15:49:18] <wrbtrader> Shorts Emini TF @ 1144.90 -> large size
[15:49:21] <t4npaper> short TF 1145
[15:49:32] <wrbtrader> 10 contracts
[15:55:42] <wrbtrader> Covered all Emini TF Short @ 1145.00 --> - 0.1
[15:56:31] <wrbtrader> Shorts Emini TF @ 1144.80 -> large size
[15:56:32] <t4npaper> exit 1144.9
[15:56:46] <t4npaper> finaly got me in that choppy action
[15:56:48] <wrbtrader> 8+2 contracts
[15:57:55] <wrbtrader> prior trade was a scale out @ 44.90 & 45.01
[15:58:19] <t4npaper> finaly moved
[15:58:26] <t4npaper> pt reached
[15:58:37] <craigaudio> sods law
[15:59:13] <wrbtrader> So far today, everytime I've tighten a profitable trade with a tight trail stop...it got hit.
[15:59:16] <t4npaper> price action still a bit jumpy
[15:59:33] <wrbtrader> I will not trail this one...will just market out
[15:59:48] <wrbtrader> WRB pt1 reached
[16:00:11] <wrbtrader> Covered all Emini TF Short @ 1143.60 --> + 1.2
[16:02:22] <wrbtrader> Long Emini TF @ 1144.70 -> small size
[16:02:33] <wrbtrader> 3 contracts
[16:03:49] <wrbtrader> volatility drying up fast :(
[16:12:38] <wrbtrader> WRB pt1 (shallow) reached
[16:14:36] <wrbtrader> Exited all Emini TF Long @ 1144.80 --> + 0.1
[16:14:55] <wrbtrader> Take care all and see all tomorrow
Session Close: Mon Jan 06 18:05:59 2014


##TheStrategyLab (located on the Freenode IRC network) is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn WRB Analysis.

Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience traders in price action trading.

The purpose of ##TheStrategyLab is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or price action only trade signals via concepts from our strategies in the private chat rooms called ##VolatilityTradingTSL or ##WRB_Analysis and they're not allowed to do such in ##TheStrategyLab.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional price action trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: chat logs saved (timestamp) from Qu├ębec, Canada in eastern daylight time

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
Go Back To TheStrategyLab.com Homepage

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